Dark Defender Makes Major XRP Rich List Reveal That Stuns XRP Army

Something significant happened while most retail investors were reacting to price movements. While XRP traded near $1.03, wallets holding 1 million or more XRP added 1.53 billion XRP over six months. Those wallets now control approximately 74% of the circulating supply.

The XRP rich list currently supports that figure. The data show wallets with over 1 million XRP control 49.8 billion out of 67 billion tokens, representing 74.3%. The scale of this accumulation has captured attention across the XRP community.

Large Holders Move While Others Wait

Crypto analyst Dark Defender (@DefendDark) drew attention to this trend. The numbers show a clear pattern where large holders increased their positions during a period of price weakness. Retail investors largely stayed on the sidelines or sold. The result is a measurable transfer of supply toward high-volume wallets.

What the Data Shows

The accumulation figure is notable on its own. Adding 1.53 billion XRP in six months is not a minor adjustment. XRP has spent the last few months consolidating, and these whales took advantage of the opportunity. The decline in early June brought XRP close to $1.03, and while many retail investors sold, large holders calmly accumulated more XRP.

At current supply levels, 74.3% concentration in large wallets leaves a reduced portion available to smaller market participants. With XRP supply on exchanges also at very low levels, retail investors are slowly being squeezed out of the market.

XRP Army Weighs In

Responses to the post reflected a range of perspectives from within the XRP community. One commenter pointed out that whales often have a long-term perspective. While many retail traders are looking for quick profits, whales can see true potential and are willing to hold through downturns.

Another respondent noted that holders with under $100,000 in XRP may lack the capital reserves to take advantage of lower prices like large wallets. He suggested he would have bought the dip too if he had the same capital as these large investors.

Supply Concentration as a Market Factor

The accumulation data puts supply concentration at the center of the XRP conversation. Large wallets added to their positions at scale during a period most retail participants found discouraging. Whether XRP’s price confirms the move remains to be seen, but the supply shift is already happening.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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